https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2141/E-O-IN-COMMERCIAL-AUTO/
... consider "Named Insured" status/"Drive Other Car" coverage. It should be standard practice to offer the owners of the business (where the business is the named insured) additional "Named Insured" status or "Drive Other Car" coverage. If a business owner suffered an injury as a pedestrian or as a passenger in another vehicle, he or she would need this coverage to collect uninsured motorist (UM) or underinsured motorist (UIM) coverage from the Commercial Auto policy. Limits issues. When losses occur with this line of business, the damages can be significant. Limits of $1 million might sound like a lot, but claims involving bodily injuries can easily exceed this. Thus, it makes sense to offer an Umbrella policy. If your insured doesn't want to ... Management Resources & Links Categories Popular Recent All Back E&O In Commercial Auto 4/30/2013 10:44:08 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. E&O IN COMMERCIAL AUTO by Curtis Pearsall In virtually every Commercial Lines agency, there's a good chance that most of your accounts have a Commercial Auto exposure and that you write this coverage for them. The type of risk determines the Auto exposure and, for many of those customers, the exposure probably involves vans and/or trucks of various sizes. Although "errors or omissions" from this line of business amount to only around 6% of E&O claims, when they occur, they tend to be much larger than with other coverages. What could go wrong ...
https://completemarkets.com/Article/article-post/1318/COLLECTIONS/
Collections
COLLECTIONS The purpose of a collection system is to collect money owed to ...Agency Establish a Goal Concerning Collections? There are three reasons why t...
https://completemarkets.com/Article/article-post/2141/E-O-IN-COMMERCIAL-AUTO/
...exposure and that you write this coverage for them. The type of risk determine...ur staff and your customers on this coverage – and go a long way tow...
https://completemarkets.com/Article/article-post/2760/Life-Insurance-Without-a-Medical-Exam/
...ill share the importance of this coverage and how to gain coverage effectively and efficiently.
Why Sh...cide if taking out additional life coverage is worth the money spent on the coverage plan. Consider your current life ...
https://completemarkets.com/Article/article-post/1098/HARD-MARKET-SHENANIGANS/
...ntion that the Personal Property coverage has been reduced by about $20,000 if... 120% of your policy’s stated coverage amount.' Sounds familiar, doesn&...
https://completemarkets.com/Article/article-post/204/Working-Your-Plan-For-Renewals/
...about modified expiration dates, coverage types, and so on.
3) Review with pro...arizes the property description and coverage types, and invites the client to ...
https://completemarkets.com/Article/article-post/1096/COMPANY-PAYMENT-OBLIGATIONS/
... we have to keep in mind is that coverage begins on the effective date whether a policy is issued or not (if coverage is bound). The client has coverage and, in return, it is good policy fo...0 Secondly, although I agree that coverage begins on an effective date, and ...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
... or decreased attention paid to collection of accounts current
Increase i...
https://completemarkets.com/Article/article-post/1686/WORK-FLOW-PROCEDURES-MANUAL-PERSONAL-NEW-BUSINESS-PROCEDURE/
... Once a customer has placed the coverage with the agency, what that agency do...ur customer, the most comprehensive coverage at a very competitive price, whil...
https://completemarkets.com/Article/article-post/225/E-O-Risk-Management-When-Using-Surplus-Lines-Companies-Part-I/
...le and require notification that coverage might not be as broad as that writte...ed and delivered as a Surplus Lines coverage under the insurance laws of (stat...